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GBP/USD Testing Key Resistance Zone Below 1.62...

posted by Avatar FXTimes 781 days ago in USD, GBP, Technical

The GBP/USD broke last week’s high of 1.6150, but is now testing an important resistance cluster. The 4H chart below shows this as 50% retracement, 200SMA and a previous pivot as well as a trendline connecting declining resistance pivots. The 61.8% retracement level at 1.6230 should be respected for the bearish oultook…
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